CAE Short Interest Up 56.3% in May (CAE)
Shares of CAE (NYSE:CAE) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 2,593,098 shares, a growth of 56.3% from the April 30th total of 1,658,923 shares, Analyst RN reports. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 18,358 shares, the short-interest ratio is presently 141.3 days.
Several analysts have recently commented on the stock. Analysts at CIBC raised their price target on shares of CAE from C$16.25 to C$16.75 in a research note on Tuesday, May 20th. They now have a “sector perform” rating on the stock. Separately, analysts at Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Tuesday, May 20th. Finally, analysts at RBC Capital raised their price target on shares of CAE from C$16.00 to C$17.00 in a research note on Friday, May 16th. They now have an “outperform” rating on the stock. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $15.53.
CAE (NYSE:CAE) opened at 13.51 on Thursday. CAE has a 52-week low of $9.72 and a 52-week high of $13.99. The stock has a 50-day moving average of $13.39 and a 200-day moving average of $13.01. The company has a market cap of $3.564 billion and a price-to-earnings ratio of 20.59.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.0551 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Wednesday, June 11th.
CAE Inc (NYSE:CAE) is engaged in providing simulation and modeling technologies and integrated training services primarily to the civil aviation industry and defense forces around the globe.
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